When making the decision to put your home on the market, there are a number of different factors to consider, from when you’ll list to what your asking price will be. Every homeowner is looking to get top dollar for their home, which is why it’s important to take a look at your space and see if there is anything that could be done to potentially boost your home’s return on investment, or ROI. The good news is that there are a number of home improvements that can be made to help with the resale value of your home, and not all of them are going to break the bank.
We’ve highlighted some of the top home improvements you can tackle to help boost your home’s ROI before putting it on the market!
Top Home Improvements for ROI: Renovate the Kitchen
This probably won’t come as a surprise, but kitchen renovations are among the top home improvements that can significantly boost your home’s return on investment. As one of the most important rooms in your home, potential buyers are going to be looking to see if the kitchen is up to their standards, and tackling some kitchen improvements is a great way to add ROI and appeal to more buyers. This could be as in-depth as doing a complete remodel of your kitchen, or it could be something as simple as upgrading the hardware, but spending some time and money revamping your kitchen could be well worth it when it comes to selling your home.
Freshen Up the Paint
One of the easiest improvements that you can make to your home is to simply freshen up the space with a new coat of paint. This isn’t a task that is to be rushed, as potential buyers will be looking for a neat, professional paint job that could save them from having to paint themselves. When choosing paint colours, try to stay away from anything too bold, as bright, loud colours might deter potential buyers. Instead, opt for something light and bright that will act as a blank canvas. This will not only help potential buyers be able to visualize themselves and their belongings in the space, but it can also make your home seem lighter and bigger, which will also appeal to buyers.
Tackle a Bathroom Upgrade
While kitchen renovations are a popular way to boost your home’s ROI, tackling a bathroom renovation is also a great way to boost your home’s resale value. Like the kitchen, this doesn’t have to be an intense renovation, but taking the time to update hardware, backsplash, or flooring, can have a huge impact on the space. If you’re not sure where to start with a bathroom renovation, consider starting with where your eye is drawn when you enter the room. If you immediately look at a dated faucet, try replacing it with a modern one and see how it transforms the space. Making a few updates here and there can have a big impact when it comes to making a good impression on potential buyers.
Invest In Landscaping
There is no question that the inside of your home is incredibly important, but it’s crucial that you don’t forget about the exterior of your home too. This is the first impression that potential buyers get when they drive up to your home, so making a few outdoor improvements to add to your curb appeal can go a long way. Sprucing up the landscaping and ensuring that walkways are clean and tidy is a great place to start. You can also try adding a fresh coat of paint to the front door to add a pop of colour and personality, and some bright flowerpots on the front porch can help add character and make potential buyers feel welcome when they enter your home.
Whether you’re looking to simply give your home a refresh or are looking to get the maximum return on investment, these home improvements are a great place to start!